Thursday, May 28, 2009

Cohousing


Home ownership has taken a tremendous hit these last two years, to say the least.

At present one in eight people who have a mortgage are primed for disaster.

So what are the alternatives?

The problem is alternatives are invisible because we think of sole ownership or nothing, maybe renting, but we are trained to think sole ownership. The alternatives to this way of thinking are not apparent.

Cohousing was something I stumbled upon about ten year ago and it struck me as a decent idea then. I think its worth a look. We are still talking about having to come up with the means for paying your way here, this is not a free ride.

Cohousing
Cohousing is a type of collaborative housing in which residents actively participate in the design and operation of their own neighborhoods.

Cohousing residents are consciously committed to living as a community. The physical design encourages both social contact and individual space. Private homes contain all the features of conventional homes, but residents also have access to extensive common facilities such as open space, courtyards, a playground and a common house.

2 comments:

Raines said...

Sande,

Thanks for looping back to cohousing... I think you'll find it's evolved a bit over the past decade.

However, it still is mostly a market-rate homeowner model, with some of the same challenges as the overall market.

Where it has advantages is that cohousing neighborhoods are designed by the future residents to meet their needs rather than developers speculating, so there's less of a "bubble" effect and it can be easier to finance these days with lower risk.

Raines Cohen, Cohousing CoachPlanning for Sustainable Communities
at Berkeley (CA) Cohousing

Jim Sande said...

Raines - thanks for taking the time to comment. Sustainable communities, what a beautiful idea.